American Independent Ins Co
Major Rating Factors:
Vulnerable liquidity (0.0 on a scale of 0 to 10) as a spike in claims may stretch capacity. Fair profitability index (3.6) with operating losses during 2020, 2021, 2022 and 2023. Fair overall results on stability tests (3.2) including negative cash flow from operations for 2024 and weak risk adjusted capital in prior years.
Other Rating Factors:
History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2019.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
DE, IL, PA
Principal Investments:
Cash (4.9%), investment grade bonds (2.1%), other (93.0%)
Corporate Info
Group Affiliation
JC Comis Llc
Investment Rating
--
Company Address
300 Barr Harbor Drive
West Conshohocken, PA 19428
West Conshohocken, PA 19428
Phone Number
(610) 832-4940
NAIC Number
17957
Website
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